Comedian Louis CK is listing his estate in Shelter Island, New York, for $9.25 million – 10 years after he acquired the property for $2.44 million. According to a Curbed report, the Tudor-style 5,300-square-foot residence on a 2.02-acre property was built in 1901 and...
Mortgage rates dipped to a six-month low in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.73% as of Aug. 1, down from last week when it averaged 6.78%. A year ago at this time, it averaged...
The volume of homes that were actively listed for sale in July was up 36.6% year-over-year, according to new data from Realtor.com. July’s inventory level is a post-pandemic high, while the share of listings with price cuts totaled 18.9%, the highest rate since...
Nearly half (49.2%) of mortgaged residential properties were considered equity-rich in the second quarter, according to new data from ATTOM. This marked an increase from the 45.8% level recorded in the first quarter while matching the high point from the first quarter...
James H. Schloemer is chairman of the National Multifamily Housing Council. This article is edited and adapted from prepared remarks made on behalf of the National Multifamily Housing Council and the National Apartment Association during a July 24 hearing held by the...
Former President Donald Trump made a rare acknowledgment of the challenges to homeownership affordability but offered no specific strategies to addressing the matter except to seek voter support. In an interview on Fox News’ “The Ingraham Angle,” host Laura Ingraham...
Hits and Misses for the Real Estate Week of April 27-May 1
